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Pension and Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2016

Compensation And Retirement Disclosure [Abstract]

Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income of Viad's Postretirement Benefit Plans

The components of net periodic benefit cost and other amounts recognized in other comprehensive income of Viad’s pension plans included the following:

		December 31,
(in thousands)		2016				2015				2014
Net periodic benefit cost:
Service cost		$	98			$	101			$	87
Interest cost			1,032				1,018				1,079
Expected return on plan assets			(256	)			(380	)			(436	)
Recognized net actuarial loss			423				492				407
Net periodic benefit cost			1,297				1,231				1,137
Other changes in plan assets and benefit obligations recognized in other    comprehensive income:
Net actuarial loss (gain)			1				(963	)			3,418
Reversal of amortization item:
Net actuarial loss			(423	)			(492	)			(407	)
Total recognized in other comprehensive income (loss)			(422	)			(1,455	)			3,011
Total recognized in net periodic benefit cost and other    comprehensive income (loss)		$	875			$	(224	)		$	4,148

The components of net periodic benefit cost and other amounts recognized in other comprehensive income of Viad’s postretirement benefit plans included the following:

		December 31,
(in thousands)		2016				2015				2014
Net periodic benefit cost:
Service cost		$	99			$	152			$	129
Interest cost			573				619				640
Amortization of prior service credit			(503	)			(552	)			(593	)
Recognized net actuarial loss			295				528				166
Net periodic benefit cost			464				747				342
Other changes in plan assets and benefit obligations recognized in other    comprehensive income:
Net actuarial loss (gain)			(790	)			(1,248	)			1,045
Prior service credit			73				3				(1,283	)
Reversal of amortization item:
Net actuarial loss			(295	)			(528	)			(166	)
Prior service credit			503				552				593
Total recognized in other comprehensive income (loss)			(509	)			(1,221	)			189
Total recognized in net periodic benefit cost and other    comprehensive income (loss)		$	(45	)		$	(474	)		$	531

The components of net periodic benefit cost and other amounts recognized in other comprehensive income included the following:

		December 31,
(in thousands)		2016				2015				2014
Net periodic benefit cost:
Service cost		$	488			$	503			$	413
Interest cost			488				505				631
Expected return on plan assets			(558	)			(583	)			(640	)
Recognized net actuarial loss			162				160				145
Net periodic benefit cost			580				585				549
Other changes in plan assets and benefit obligations recognized in other    comprehensive income:
Net actuarial loss (gain)			158				182				361
Reversal of amortization of net actuarial loss			(162	)			(160	)			145
Total recognized in other comprehensive income (loss)			(4	)			22				506
Total recognized in net periodic benefit cost and other    comprehensive income (loss)		$	576			$	607			$	1,055

Summary of Funded Status of the Plans

The following table indicates the funded status of the plans as of December 31:

																		Postretirement
		Funded Plans								Unfunded Plans								Benefit Plans
(in thousands)		2016				2015				2016				2015				2016				2015
Change in benefit obligation:
Benefit obligation at beginning of year		$	14,906			$	16,012			$	10,049			$	11,127			$	14,573			$	16,235
Service cost			—				—				97				101				99				152
Interest cost			629				616				403				402				573				619
Actuarial adjustments			240				(1,013	)			(221	)			(1,072	)			(790	)			(1,248	)
Plan amendments			—				—				—				—				73				3
Benefits paid			(748	)			(709	)			(503	)			(509	)			(909	)			(1,188	)
Benefit obligation at end of year			15,027				14,906				9,825				10,049				13,619				14,573
Change in plan assets:
Fair value of plan assets at beginning of year			10,479				11,198				—				—				—				—
Actual return on plan assets			273				(742	)			—				—				—				—
Company contributions			412				732				503				509				909				1,188
Benefits paid			(748	)			(709	)			(503	)			(509	)			(909	)			(1,188	)
Fair value of plan assets at end of year			10,416				10,479				—				—				—				—
Funded status at end of year		$	(4,611	)		$	(4,427	)		$	(9,825	)		$	(10,049	)		$	(13,619	)		$	(14,573	)

The following table represents the funded status of the plans as of December 31:

		Funded Plans								Unfunded Plans
(in thousands)		2016				2015				2016				2015
Change in benefit obligation:
Benefit obligation at beginning of year		$	9,744			$	12,016			$	2,470			$	2,756
Service cost			488				503				—				—
Interest cost			400				415				87				89
Actuarial adjustments			395				(176	)			105				178
Benefits paid			(818	)			(1,115	)			(177	)			(179	)
Translation adjustment			279				(1,899	)			1				(374	)
Benefit obligation at end of year			10,488				9,744				2,486				2,470
Change in plan assets:
Fair value of plan assets at beginning of year			9,705				11,747				—				—
Actual return on plan assets			617				377				—				—
Company contributions			795				566				177				179
Benefits paid			(818	)			(1,115	)			(177	)			(179	)
Translation adjustment			277				(1,870	)			—				—
Fair value of plan assets at end of year			10,576				9,705				—				—
Funded status at end of year		$	88			$	(39	)		$	(2,486	)		$	(2,470	)

Net Amount Recognized in Viad's Consolidated Balance Sheets

The net amounts recognized in Viad’s consolidated balance sheets under the caption “Pension and postretirement benefits” as of December 31 were as follows:

																		Postretirement
		Funded Plans								Unfunded Plans								Benefit Plans
(in thousands)		2016				2015				2016				2015				2016				2015
Other current liabilities		$	—			$	—			$	699			$	645			$	1,094			$	1,122
Non-current liabilities			4,611				4,427				9,126				9,404				12,525				13,451
Net amount recognized		$	4,611			$	4,427			$	9,825			$	10,049			$	13,619			$	14,573

The net amounts recognized in Viad’s consolidated balance sheets under the caption “Pension and postretirement benefits” as of December 31 were as follows:

		Funded Plans								Unfunded Plans
(in thousands)		2016				2015				2016				2015
Non-current assets		$	(88	)		$	—			$	—			$	—
Other current liabilities			—				—				170				162
Non-current liabilities			—				39				2,316				2,308
Net amount recognized		$	(88	)		$	39			$	2,486			$	2,470

Amounts Recognized in Accumulated Other Comprehensive Income

Amounts recognized in accumulated other comprehensive income as of December 31 consisted of:

																		Postretirement
		Funded Plans								Unfunded Plans								Benefit Plans								Total				Total
(in thousands)		2016				2015				2016				2015				2016				2015				2016				2015
Net actuarial loss		$	9,090			$	9,202			$	2,496			$	2,806			$	2,710			$	3,795			$	14,296			$	15,803
Prior service credit			—				—				—				—				(1,598	)			(2,173	)			(1,598	)			(2,173	)
Subtotal			9,090				9,202				2,496				2,806				1,112				1,622				12,698				13,630
Less tax effect			(3,447	)			(3,490	)			(947	)			(1,064	)			(422	)			(615	)			(4,816	)			(5,169	)
Total		$	5,643			$	5,712			$	1,549			$	1,742			$	690			$	1,007			$	7,882			$	8,461

Fair Value of Plans' Assets by Asset Class

The fair value of the domestic plans’ assets by asset class was as follows:

						Fair Value Measurements at December 31, 2016
						Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobserved Inputs
(in thousands)		Total				(Level 1)				(Level 2)				(Level 3)
Domestic pension plans:
Fixed income securities		$	5,352			$	5,352			$	—			$	—
Equity securities			4,580				4,580				—				—
Cash			280				280				—				—
Other			204				—				204				—
Total		$	10,416			$	10,212			$	204			$	—

						Fair Value Measurements at December 31, 2015
						Quoted Prices in Active Markets				Significant Other Observable Inputs				Significant Unobserved Inputs
(in thousands)		Total				(Level 1)				(Level 2)				(Level 3)
Domestic pension plans:
Fixed income securities		$	5,453			$	5,453			$	—			$	—
Equity securities			4,459				4,459				—				—
Cash			357				357				—				—
Other			210				—				210				—
Total		$	10,479			$	10,269			$	210			$	—

The fair value information related to the foreign pension plans’ assets is summarized in the following tables:

						Fair Value Measurements at Reporting Date Using
(in thousands)		December 31, 2016				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobserved Inputs (Level 3)
Assets:
Fixed income securities		$	4,082			$	4,082			$	—			$	—
Equity securities			4,518				4,130				388				—
Other			1,976				1,976				—				—
Total		$	10,576			$	10,188			$	388			$	—

						Fair Value Measurements at Reporting Date Using
(in thousands)		December 31, 2015				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobserved Inputs (Level 3)
Assets:
Fixed income securities		$	4,372			$	4,372			$	—			$	—
Equity securities			4,908				4,533				375				—
Other			425				425				—				—
Total		$	9,705			$	9,330			$	375			$	—

Payments and Receipts Reflecting Expected Future Service

The following pension and postretirement benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

(in thousands)		Funded Plans				Unfunded Plans				Postretirement Benefit Plans
2017		$	890			$	713			$	1,116
2018		$	907			$	738			$	1,105
2019		$	933			$	749			$	1,098
2020		$	1,001			$	751			$	1,078
2021		$	963			$	736			$	1,039
2022-2026		$	4,941			$	3,405			$	4,750

The following payments, which reflect expected future service, as appropriate, are expected to be paid:

(in thousands)		Funded Plans				Unfunded Plans
2017		$	366			$	170
2018		$	385			$	169
2019		$	387			$	169
2020		$	390			$	169
2021		$	407			$	168
2022-2026		$	2,551			$	833

Accumulated Benefit Obligation in Excess of Plan Assets

The accumulated benefit obligations in excess of plan assets as of December 31 were as follows:

		Domestic Plans
		Funded Plans								Unfunded Plans
(in thousands)		2016				2015				2016				2015
Projected benefit obligation		$	15,027			$	14,906			$	9,825			$	10,049
Accumulated benefit obligation		$	15,027			$	14,906			$	9,737			$	9,934
Fair value of plan assets		$	10,416			$	10,479			$	—			$	—

		Foreign Plans
		Funded Plans								Unfunded Plans
(in thousands)		2016				2015				2016				2015
Projected benefit obligation		$	10,488			$	9,744			$	2,486			$	2,470
Accumulated benefit obligation		$	9,906			$	9,186			$	2,486			$	2,470
Fair value of plan assets		$	10,576			$	9,705			$	—			$	—

Weighted-Average Assumptions Used to Determine Benefit Obligations

Weighted-average assumptions used to determine benefit obligations as of December 31 were as follows:

		Domestic Plans
		Funded Plans								Unfunded Plans								Postretirement Benefit Plans								Foreign Plans
		2016				2015				2016				2015				2016				2015				2016				2015
Discount rate			4.12	%			4.37	%			3.99	%			4.25	%			4.08	%			4.30	%			3.52	%			3.76	%
Rate of compensation increase		N/A				N/A					3.00	%			3.00	%		N/A				N/A					2.34	%			2.31	%

Weighted-average assumptions used to determine net periodic benefit costs as of December 31 were as follows:

		Domestic Plans
		Funded Plans								Unfunded Plans								Postretirement Benefit Plans								Foreign Plans
		2016				2015				2016				2015				2016				2015				2016				2015
Discount rate			4.33	%			3.97	%			4.25	%			3.90	%			4.30	%			4.00	%			3.77	%			3.86	%
Expected return on plan assets			2.25	%			3.33	%		N/A				N/A					0.00	%			0.00	%			4.53	%			4.51	%
Rate of compensation increase		N/A				N/A					3.00	%			3.00	%		N/A				N/A					2.34	%			2.31	%

Multi-Employer Pension Plans

The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan or a rehabilitation plan is either pending or has been implemented.

				Plan				Pension Protection Act Zone Status				FIP/RP Status Pending/ Implemented		Viad Contributions												Surcharge Paid		Expiration Date of Collective- Bargaining Agreement(s)
(in thousands)		EIN		No.				2016		2015				2016				2015				2014
Pension Fund:
Western Conference of  Teamsters Pension Plan		91-6145047			1			Green		Green		No		$	6,684			$	5,632			$	6,369			No		3/31/2020
Southern California Local 831—Employer Pension Fund(1)		95-6376874			1			Green		Green		No			2,805				2,485				2,481			No		8/31/2017
Chicago Regional Council of Carpenters Pension Fund		36-6130207			1			Green		Yellow		Yes			2,532				1,887				1,946			No		5/31/2019
IBEW Local Union  No 357 Pension Plan A		88-6023284			1			Green		Green		No			1,402				1,150				1,457			No		6/16/2018
Machinery Movers Riggers & Mach Erect Local 136 Supplemental Retirement Plan(1)		36-1416355			11			Red		Red		Yes			1,203				502				993			Yes		6/30/2019
Central States, Southeast and Southwest Areas Pension Plan		36-6044243			1			Red		Red		Yes			1,151				948				1,018			No		12/31/2018
Electrical Contractors Assoc. Chicago Local Union 134, IBEW Joint Pension Trust of Chicago Plan #2		51-6030753			2			Green		Green		No			845				1,190				1,081			No		6/4/2017
Southwest Carpenters Pension Trust		95-6042875			1			Green		Green		No			791				750				885			No		6/30/2018
Southern California IBEW-NECA Pension Fund		95-6392774			1			Yellow		Yellow		Yes			701				835				768			Yes		continuous
New England Teamsters & Trucking Industry Pension		04-6372430			1			Red		Red		Yes			552				381				571			No		3/31/2017
Sign Pictorial & Display Industry Pension Plan(1)		94-6278490			1			Green		Green		No			526				541				439			No		3/31/2018
All other funds(2)															3,585				4,259				3,087
Total contributions to defined benefit plans															22,777				20,560				21,095
Total contributions to other plans															2,995				1,428				2,057
Total contributions to multi-employer plans														$	25,772			$	21,988			$	23,152

⁽¹⁾ The Company contributed more than 5 percent of total plan contributions for the 2015 and 2014 plan years based on the plans’ Form 5500s.

⁽²⁾ Represents participation in 39 pension funds during 2016.

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Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets.

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

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Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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